BYND trade ideas
Beyond Meat Descending TriangleI originally bought BYND @ $112 a few weeks ago. Since then, it peaked @ $160 amid news of recent hire Phil Hardin to CFO. Hardin was considered a "veteran" at Amazon where he previously worked as a VP of Finance. I'm waiting to confirm this pattern. If it hits $150 before the end of October, I will sell. I will then buy back in where the triangle forms around $117.
BYND $110 target late JulyBYND $110 target late July, but inevitably it will go exponential
- MACD turning over, looking bearish.
- High RSI ( should be below the 30% line for an excellent buying opportunity.
- Fib spiral support at 110 - to certify that this fib spiral is correct, I would like to see the share price touching it a few times more.
- Also gap to fill at 126 and 110.
Will start posting more TA ideas on twitter once i get a substantial amount of follows for it to be viable.
Beyond FoMo... Speculation.Beyond Meat is breaking out of a Bull Flag and is at the bullish 50 & 200 day ema crossover point. If the price can break through and stay above the strong 170 resistance area for a couple weeks this could confirm a bullish long term trend. Although there needs to be a considerable increase in volume to make this happen.
Watch out for a "Fakeout" above resistance which could have high volatility like on Jan 26th
A covered straddle option strategy is useful in a scenario like this when the price could move up or down quickly.
The RSI is looking weak, the price could move down after getting rejected at a resistance point and remain in the pennant shape for many more months until it makes its major move out.
Make sure to be aware of the overall market conditions while trading and avoid over leveraging in risky setups.
$BYND Beyond Meat not everyone likes meat and the stock riseWithout a doubt, what in the eyes of many meat lovers could seem like a company with no future is gaining more and more acceptance.
Food without meat content is now widespread all over the world with characteristics similar to the traditional corresponding.
The company Beyond Meat that deals with these earns consensus and the title seems to want to go up and up again.
The Miracle Viewer indicator that tries to identify interests on the part of the big players signals us thanks to the Market Miracle advisor a growing interest on the part of institutions and corporations.
It generated an input signal at 152.39 price with a target of 163.46 or a possible profit of 7.2%.
Analyzing the stock seems to have the momentum necessary to make the climb, maybe it will not start immediately but because of the market sentiment not properly positive.
I still expect a price action similar to the one described maybe with a little more time before starting to climb.
I decided to take a position on the title.
This idea is based on the signal generated by the Marketmiracle advisor whose link you can find by scrolling at the bottom of this page.